Station Casinos, which operates 19 large and small casinos in the Las Vegas Valley — including four with bowling centers — has filed papers with the Securities and Exchange Commission for an initial public offering.
The Las Vegas Review-Journal reported that no timetable had been announced for the IPO, but that the goal was to raise $100 million through the stock sale.
Meanwhile, Station Casinos also has put a 57-acre piece of property fronting Las Vegas Boulevard, south of the South Point Casino, up for sale. The asking price: $40 million. One of the sale requirements is that the land may not be used for gaming.
Station Casinos owns six “gaming-entitled development sites” around the valley, including a 30-acre plot that formerly was home to the Showboat Hotel, Casino and (106-lane) Bowling Center.
Company properties that presently house bowling centers are Sunset Station, Santa Fe Station, Texas Station and Red Rock.